Welcome to our dedicated page for Dine Brands Global news (Ticker: DIN), a resource for investors and traders seeking the latest updates and insights on Dine Brands Global stock.
Dine Brands Global, Inc. reports developments across a restaurant platform built around Applebee’s Neighborhood Grill + Bar, IHOP and Fuzzy’s Taco Shop. Company news commonly covers quarterly results, comparable restaurant sales, franchise activity, company-owned restaurants, dividends, capital allocation priorities and restaurant development initiatives across its largely franchised model.
Brand-level updates often focus on Applebee’s casual dining promotions, beverage programs, off-premise ordering and limited-time menu launches, along with Fuzzy’s Taco Shop fast-casual menu activity. Dine Brands also reports business responsibility initiatives tied to people, food, governance, communities and franchisee operations.
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Applebee's has reintroduced its popular Burgers and Boneless Wings deal, allowing guests to add 5 Boneless Wings for $1 to any Handcrafted Burger. The promotion features burgers like the Bourbon Street Mushroom Swiss and Neighborhood Double Burger, and is available for dine-in, To Go, and delivery. Applebee’s Handcrafted Burgers are made from 100% fresh ingredients. The promotion is valid for a limited time and applies only to full-priced burgers, not in conjunction with other offers. Applebee’s operates 1,678 restaurants in the U.S. and 11 countries, franchised by Dine Brands Global (NYSE: DIN).
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Dine Brands Global, Inc. (NYSE: DIN) has announced a purchase agreement for the issuance of $500 million in Series 2023-1 Class A-2 Fixed Rate Senior Secured Notes with a 7.824% interest rate, maturing in June 2029. These notes will be secured by cash flows from franchise and rental assets of Applebee’s and IHOP. Proceeds will refinance existing Series 2019-1 notes and cover issuance costs. As of March 29, 2023, $585 million remains outstanding under the 2019-1 notes. The transaction is expected to close around April 17, 2023, pending certain conditions.
IHOP has launched its largest menu evolution to date, introducing a range of new items, including Eggs Benedicts, Crepes, and Ultimate Steakburgers featuring a Four-Cheese Crisp. This menu refresh aims to meet customer demands for quality ingredients, variety, and value. Highlights include new flavor options such as Sweet & Savory Crepes and returning favorites like Cinn-A-Stack Pancakes. The new offerings will be available starting April 3 and will be supported by a comprehensive marketing campaign. For rewards members, there is a special promotion for Eggs Benedicts from April 14-23.
Dine Brands Global, Inc. (NYSE: DIN) announced plans to refinance its Series 2019-1 Class A-2-I Fixed Rate Senior Secured Notes, with a current principal balance of approximately $585 million. The company intends to introduce a new securitized financing facility, expecting to raise between $400 million and $500 million through Senior Term Notes. The proceeds will be utilized to repay the current notes in full, cover issuance expenses, and for general corporate purposes. The refinancing is subject to market conditions and there are no guarantees regarding timing or completion.
Dine Brands Global reported its Q4 and fiscal 2022 results, highlighting 1.7% and 2.0% year-over-year increases in comparable sales for Applebee’s and IHOP, respectively. Q4 revenues fell to $208 million from $229.6 million, largely due to the sale of 69 Applebee’s units. Adjusted EBITDA decreased to $57 million, with GAAP EPS dropping to $0.72 from $1.14 year-over-year. However, the company returned over $151 million to shareholders and retired $40 million in long-term debt. Fiscal 2023 guidance includes expected adjusted EBITDA of $243 to $255 million and a planned dividend of $0.51 per share.
Fuzzy’s Taco Shop has introduced the Margarita Shrimp Taco to its menu, available from March 1 to April 9, 2023. The taco features fried or grilled shrimp, Tajin garlic sauce, and special toppings on a flour tortilla. This limited-time offering aims to provide a seafood option for customers observing Lent. Laura Purser, VP of Marketing, highlighted the taco's fresh flavors and margarita-inspired elements. The new taco is available for dine-in, takeout, and delivery across participating locations.
Fuzzy’s Taco Shop currently operates 137 locations across 18 states.
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